News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Oil - US Crude
Bullish
Wall Street
Bearish
Gold
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here: https://t.co/4jsORznRTE https://t.co/aRkGoNvj6D
  • Do you know how to properly Identify a double top formation? Double tops can enhance technical analysis when trading both forex or stocks, making the pattern highly versatile in nature. Learn more about the double top formation here: https://t.co/t9Flsqcxo9 https://t.co/ltVTNO2sjT
  • GBP/USD clears the May low (1.3801) as the Federal Reserve forecasts two rate hikes for 2023. Get your $GBP market update from @DavidJSong here:https://t.co/WdTG2niAKz https://t.co/2j02VyH0wm
  • Forex Update: As of 20:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.01% 🇪🇺EUR: -0.36% 🇨🇭CHF: -0.60% 🇨🇦CAD: -0.91% 🇦🇺AUD: -0.96% 🇳🇿NZD: -1.07% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/HWVSmqaiYF
  • The amount of breakouts the #USD saw against its major peers this week was fairly impressive Lots of opportunities here for reversing dominant downtrends that have been prevailing for about 14-15 months Stay tuned for my USD weekly technical outlook coming out this weekend!
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.19% Silver: -0.41% Gold: -0.57% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/J6vFrm0Psb
  • Post-Fed, plunging commodity prices are weighing down growth-sensitive currencies like the Canadian Dollar. Get your market update from @CVecchioFX here:https://t.co/RwM9qu0Zjv https://t.co/u6WFpqfcdZ
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 85.22%, while traders in France 40 are at opposite extremes with 70.57%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/O3dA4qOEid
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: France 40: 0.14% FTSE 100: 0.09% Germany 30: 0.06% Wall Street: -0.02% US 500: -0.03% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MFEjkHP34f
  • Fed's Kashkari: Maximum employment means at the very least back to pre-COVID levels of employment
Pound May Fall as BOE Governor Carney Talks Down Rate Hike Bets

Pound May Fall as BOE Governor Carney Talks Down Rate Hike Bets

Ilya Spivak, Head Strategist, APAC

Talking Points:

  • Pound may fall as BOE’s Carney talks down scope for rate hikes
  • NZ Dollar down as dairy prices fall at auction, trade gap widens
  • Japanese Yen may decline as the markets’ risk appetite improves

The New Zealand Dollar underperformed in otherwise quiet Asia Pacific trade. The currency fell alongside local front-end bond yields, hinting that a dovish shift in RBNZ monetary policy expectations accounted for the move. A drop in dairy prices – the island nation’s top export commodity – at auction and an unexpected widening of the trade deficit probably accounted for the move.

Comments from Bank of England Governor Mark Carney headline the European calendar. He and a handful of other central bank officials are scheduled to testify before Parliament’s Treasury Select Committee on the latest Financial Stability Report (FSR). Lending conditions have predictably tightened since November’s rate hike but remain generous by historical standards, according to data from Bloomberg.

Mr Carney will no doubt have to reconcile this broadly accommodative stance with inflation running north of 3 percent, explaining to the MPs in attendance why it remains prudent to proceed with caution on removing stimulus. This will likely translate into a conversation about Brexit-related instability risks, which might weigh on the British Pound. Markets don’t expect another hike until late into the second half of 2018.

On the sentiment side of the equation, a pickup in S&P 500 futures hints at brightening spirits across financial markets following yesterday’s broad-based selloff. That might translate into weakness for the perennially anti-risk Japanese Yen as the day wears on, although the currency’s latest moves have conspicuously deviated from strict adherence to swings in the markets’ mood.

What is the #1 mistake that traders make, and how can you avoid it? Find out here!

Asia Session

Pound May Fall as BOE Governor Carney Talks Down Rate Hike Bets

European Session

Pound May Fall as BOE Governor Carney Talks Down Rate Hike Bets

** All times listed in GMT. See the full DailyFX economic calendar here.

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

To receive Ilya's analysis directly via email, please SIGN UP HERE

Contact and follow Ilya on Twitter: @IlyaSpivak

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES